Appointment of Chair and Deputy Chair of the Enforcement Decision Making Committee (EDMC)
The Bank of England has appointed Nicholas Segal as Chair and Peter King as Deputy Chair of its Enforcement Decision Making Committee (EDMC), effective 1 August 2026, following an external recruitment process.
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The Bank of England announced the appointments of Nicholas Segal as Chair and Peter King as Deputy Chair of the Enforcement Decision Making Committee (EDMC), with both roles commencing on 1 August 2026. The EDMC oversees contested enforcement cases across multiple regulatory areas, including prudential regulation, financial market infrastructures, and resolution. The appointments follow the conclusion of Sir William Blair’s term as Chair and Philip Marsden’s term as Deputy Chair at the end of July 2026. The Bank highlighted the need for leadership continuity in handling enforcement decisions within its statutory regimes.
David Roberts, Chair of the Court of the Bank of England, welcomed the new appointees, emphasising their legal expertise as an asset to the EDMC. He also expressed gratitude to the outgoing Chairs for their contributions in establishing the committee as a credible decision-making body. The EDMC’s role involves adjudicating contested enforcement cases, ensuring fairness and consistency in regulatory outcomes. The Bank did not disclose further details about the recruitment process or the candidates’ backgrounds.
The EDMC is responsible for making decisions in contested enforcement cases under the Bank’s regulatory frameworks, including those related to critical third parties and wholesale cash distribution. Its decisions impact firms and individuals subject to enforcement actions, shaping compliance expectations within the financial sector. The committee’s work supports the Bank’s broader objective of maintaining financial stability and integrity. The appointments signal a transition in leadership while maintaining operational continuity.
The Bank of England’s announcement follows a structured external recruitment process to identify candidates for the EDMC leadership roles. The new Chair and Deputy Chair will assume their positions at a time when the committee continues to play a pivotal role in enforcement decision-making. The Bank reiterated its commitment to transparency and accountability in regulatory enforcement, with the EDMC remaining a key component of its governance structure.